has anyone of you or someone you know experienced handling a 0 interest credit card? how did it go?

Do you mean a card that charges no interest on your unpaid balance for a specific period of time as a promotion? They're great if you have debt you can pay off during the promotional period. If not, be prepared to move the debt to another card because the interest rate will shoot up as soon as that period ends.

Yeah, so what’s the point. It is a waste of time to transfer the money. I had a chance to do this, but to me, it would be pointless if the interest rate shot up to more than my 10% Select Visa card.

I do not think that there is any credit card that works on 0% interest. How else would they make money???

I have never heard of a credit card with 0 interest. Is it something worth looking into?

I have not had one, but I do think they would be good for someone who carries a low balance and pays it off each month.

A few things:

This could be a post asking about cards that are lines of credit that you have to pay off monthly.

0% interest balance transfers can easily be worth the effort to transfer - even if you cannot pay the complete debt off before the promo expires. However, you need to ensure that the interest you would have paid during that time period will exceed the transfer fee.

CC companies rake in money on every CC transaction - regardless of whether or not the consumer ever pays interest - via merchant processing fees. There's a culture of cross-subsidization that most of our society has absolutely no clue they're contributing to.

0% interest cards are worth the trouble, but if you are carrying a lot of debt, it's really not any kind of solution, but just a bit of breathing room. Sometimes they charge a transfer fee, so you should do the math and see if it makes sense.

Sometimes you can move around a balance between several 0% cards, each after the initial 0% period expires. Again, unless you're just trying to make some money on the float, these are really just sort of gimmicks to pull you in.

It could be probably help with some debt control in getting lower payments.

The interest-free period doesn't last forever. Once the interest-free period expires, you would be subject to the card's standard or "go to" annual percentage rate (APR).

The good news is that as long as you keep your credit score high, you can "surf" 0% deals and avoid paying interest on your credit card debt for some time.